Federated Hermes Mortgage Strategy Portfolio (FMBPX)
The fund pursues its investment objective by investing primarily in Mortgage Core Fund (the "underlying fund"), a portfolio of Federated Hermes Core Trust. Under normal market conditions, the underlying fund invests primarily in mortgage-backed securities (MBS) of investment-grade quality and seeks to provide returns consistent with investments in the market for U.S. home mortgages.
Fund Info
| ISIN | US31421P4072 |
|---|---|
| Issuer | Federated |
| Inception Date | Dec 20, 2007 |
| Category | Intermediate Core Bond |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FMBPX has an expense ratio of 0.02% which is considered to be low.
Share Price Chart
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Popular comparisons: FMBPX vs. LVMUY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Mortgage Strategy Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Mortgage Strategy Portfolio had a return of -1.63% year-to-date (YTD) and 1.54% in the last 12 months. Over the past 10 years, Federated Hermes Mortgage Strategy Portfolio had an annualized return of 0.92%, while the S&P 500 had an annualized return of 10.99%, indicating that Federated Hermes Mortgage Strategy Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.63% | 11.18% |
| 1 month | 1.87% | 5.60% |
| 6 months | 3.63% | 17.48% |
| 1 year | 1.54% | 26.33% |
| 5 years (annualized) | -0.36% | 13.16% |
| 10 years (annualized) | 0.92% | 10.99% |
Monthly Returns
The table below presents the monthly returns of FMBPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.12% | -1.79% | 0.60% | -2.73% | -1.63% | ||||||||
| 2023 | 3.63% | -2.68% | 1.88% | 0.23% | -0.36% | -0.48% | 0.00% | -0.83% | -3.49% | -1.87% | 5.41% | 4.02% | 5.19% |
| 2022 | -1.44% | -0.86% | -2.54% | -3.43% | 1.33% | -1.64% | 2.91% | -3.09% | -4.93% | -1.62% | 3.97% | -0.82% | -11.83% |
| 2021 | -0.10% | -0.57% | -0.39% | 0.60% | -0.40% | 0.21% | 0.40% | 0.15% | -0.45% | -0.30% | 0.04% | -0.12% | -0.94% |
| 2020 | 0.86% | 1.15% | 0.64% | 1.09% | 0.14% | 0.02% | 0.33% | 0.12% | 0.02% | -0.09% | 0.08% | 0.33% | 4.78% |
| 2019 | 0.81% | -0.02% | 1.53% | -0.12% | 1.31% | 0.69% | 0.38% | 0.98% | -0.03% | 0.36% | 0.04% | 0.23% | 6.31% |
| 2018 | -1.08% | -0.59% | 0.63% | -0.57% | 0.68% | 0.06% | -0.04% | 0.48% | -0.44% | -0.54% | 0.80% | 1.77% | 1.13% |
| 2017 | 0.03% | 0.53% | 0.03% | 0.65% | 0.54% | -0.17% | 0.43% | 0.74% | -0.07% | -0.16% | -0.16% | 0.35% | 2.77% |
| 2016 | 1.35% | 0.32% | 0.35% | 0.33% | 0.13% | 1.12% | 0.32% | 0.03% | 0.41% | -0.28% | -1.75% | 0.00% | 2.31% |
| 2015 | 1.22% | -0.36% | 0.45% | 0.15% | -0.06% | -0.86% | 0.74% | 0.03% | 0.72% | -0.04% | -0.16% | -0.15% | 1.68% |
| 2014 | 1.12% | 0.30% | -0.60% | 0.51% | 0.91% | 0.00% | -0.70% | 0.50% | -0.40% | 0.60% | 0.50% | 0.14% | 2.90% |
| 2013 | -0.58% | 0.10% | -0.20% | 0.20% | -1.56% | -1.58% | -0.20% | -0.91% | 0.81% | 0.61% | -0.60% | -1.01% | -4.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMBPX is 5, indicating that it is in the bottom 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FMBPX (Federated Hermes Mortgage Strategy Portfolio)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Mortgage Strategy Portfolio (FMBPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Mortgage Strategy Portfolio granted a 4.53% dividend yield in the last twelve months. The annual payout for that period amounted to $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.35 | $0.26 | $0.24 | $0.27 | $0.32 | $0.30 | $0.28 | $0.27 | $0.29 | $0.02 |
Dividend yield | 4.53% | 4.16% | 3.09% | 2.39% | 2.68% | 3.24% | 3.14% | 2.84% | 2.73% | 2.88% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Mortgage Strategy Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.04 | $0.03 | $0.03 | $0.00 | $0.13 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.26 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.32 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2016 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2015 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.29 |
| 2014 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Mortgage Strategy Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Mortgage Strategy Portfolio was 17.25%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Federated Hermes Mortgage Strategy Portfolio drawdown is 9.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.25% | Feb 11, 2021 | 686 | Oct 19, 2023 | — | — | — |
| -6.61% | Aug 11, 2011 | 519 | Sep 5, 2013 | 612 | Feb 10, 2016 | 1131 |
| -3.65% | Nov 5, 2010 | 67 | Feb 10, 2011 | 125 | Aug 10, 2011 | 192 |
| -3.44% | Mar 10, 2020 | 8 | Mar 19, 2020 | 6 | Mar 27, 2020 | 14 |
| -3.11% | Oct 3, 2016 | 53 | Dec 15, 2016 | 117 | Jun 6, 2017 | 170 |
Volatility
Volatility Chart
The current Federated Hermes Mortgage Strategy Portfolio volatility is 1.88%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.